Fin 324 Week 2 Dq 1

FIN 324 Week 2 DQ 1

Describe the relationship between debt and equity on balance sheet and financing activities on cash flow statement.

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FIN 324 Week 2 DQ 2

Is there a difference between cash and income? Is one more important than the other?

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FIN 324 Week 2 DQ 3

Example of how cash flow and net income work together.
Is one more important than the other one?
Discuss the importance of ethics and internal control programs.

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FIN 324 Week 2 DQ 4

Discuss the importance of separation of duties where it relates to the accounting function.

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FIN 324 Week 2 Individual Assignment Assignments from the Readings

• Resource: Accounting Concepts and Applications
• Prepare answers to the following questions and exercises:
o Discussion Questions 5 and 7 (Ch. 1) of Accounting Concepts and Applicationso Practice Exercises 3-1, 3-2, 3-11, 3-12, 3-17—related to 3-11 and 3-12—and 3-19—related to 3-17 (Ch. 3) of Accounting Concepts and Applicationso Exercise 3-34 (Ch. 3) of Accounting Concepts and Applicationso Discussion Questions 7, 9, 15, and 16 (Ch. 4) of Accounting Concepts and Applications

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